Integer Holdings Co. (NASDAQ:ITGR) – Equities research analysts at Northcoast Research decreased their Q3 2016 earnings per share (EPS) estimates for Integer Holdings in a note issued to investors on Thursday. Northcoast Research analyst D. Keiser now forecasts that the firm will post earnings per share of $0.79 for the quarter, down from their previous forecast of $0.86. Northcoast Research also issued estimates for Integer Holdings’ Q4 2016 earnings at $0.85 EPS, FY2016 earnings at $2.54 EPS, Q2 2017 earnings at $0.74 EPS, Q3 2017 earnings at $0.90 EPS, Q4 2017 earnings at $0.99 EPS and FY2017 earnings at $3.23 EPS.
ITGR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Integer Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 2nd. TheStreet cut shares of Integer Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.00.
Shares of Integer Holdings (NASDAQ:ITGR) traded up 4.4336% on Friday, reaching $22.0355. The company’s stock had a trading volume of 162,726 shares. The stock has a 50 day moving average of $23.15 and a 200-day moving average of $30.25. Integer Holdings has a 12 month low of $20.62 and a 12 month high of $61.06. The firm’s market cap is $678.72 million.
Integer Holdings (NASDAQ:ITGR) last announced its earnings results on Thursday, July 28th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.14. The business earned $348.38 million during the quarter, compared to analysts’ expectations of $356.72 million. The company’s revenue for the quarter was up 99.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DIAM Co. Ltd. purchased a new position in Integer Holdings during the second quarter valued at $1,011,000. William Blair Investment Management LLC purchased a new position in Integer Holdings during the second quarter worth approximately $14,714,000. Pacific Ridge Capital Partners LLC purchased a new position in Integer Holdings during the second quarter worth approximately $548,000. Panagora Asset Management Inc. purchased a new position in Integer Holdings during the second quarter worth approximately $1,064,000. Finally, Marshall Wace LLP purchased a new position in Integer Holdings during the second quarter worth approximately $7,669,000.
About Integer Holdings
Greatbatch, Inc is a developer and manufacturer of medical devices and components. The Company operates through two segments: Greatbatch Medical and QiG Group (QiG). Greatbatch Medical designs and manufactures products where the Company either owns the intellectual property or has unique manufacturing and assembly expertise.
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